PPP Loan information for Merit tool and manufacturing inc.

$142,360

Merit tool and manufacturing inc. was initially approved for PPP Loan of amount $142,360, the current approved amount is $142,360. The loan was approved on 02/22/2021 by The First Merchants Bank reported 13 jobs and $142,360 was used to fund payroll.

Merit tool and manufacturing inc. is Existing or more than 2 years old

PPP Loan Search / IN / Eaton / Merit tool and manufacturing inc.

MERIT TOOL AND MANUFACTURING INC.

Date Approved

02/22/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MERIT TOOL AND MANUFACTURING INC.

Borrower Address

120 N. Hartford St.

Borrower City

Eaton

Borrower State

IN

Borrower Zip

47338

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

142360.00

Current Approval Amount

142360.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Eaton

Project County Name

DELAWARE

Project State

IN

Project Zip

47338

CD

IN-05

Jobs Reported

13

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

142356.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

143494.98

Forgiveness Date

12/15/2021

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